17 Sep 2025 | 5 Mins Read
Oil prices stabilize before Federal Reserve interest rate announcement
Flipitmoney
Oil prices held steady at $68.46 a barrel for Brent crude and $64.51 a barrel for US West Texas Intermediate crude futures. Russia's Transneft warned of potential output cuts due to Ukraine's drone attacks. The US Federal Reserve is expected to cut interest rates by 25 basis points, potentially boosting fuel demand, but market focus is on Fed Chair Powell's tone.